Reported about 11 hours ago
The UK economy achieved a slight growth of 0.1% in the final quarter of 2024, following an unexpected 0.4% rise in December, driven by a solid performance in various sectors, particularly pubs. Overall, the economy grew by 0.9% throughout 2024, easing some pressures on Chancellor Rachel Reeves. However, the Bank of England has significantly lowered its growth forecast for 2025, which poses challenges for the Labour government aiming to improve living standards and public services.
Source: YAHOO